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Technology Stocks : Cognitronics (AMEX: CGN)

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To: Sparticus who wrote (39)7/23/1997 2:44:00 PM
From: Neil Kalton   of 142
 
Wow, these numbers are phenomenal, substantially more than I was anticipating. Anyway, with $.57 in the first 6 months and "some of the momentum" continuing into the second half of the year the analyst estimate of $.75 is low and will have to be revised upwards.

At $14.50 a share the current trailing PE is 20, 25% below the industry norm. The forward PE? That's anyone's guess, but I anticipate revised '97 earnings to be between $.90 and $1.00. I think this stock has the potential to trade between $22 and $25 a share in the next 6 months.

Congratulations to all still holding. I hope CGN has continued success.

-nk

BTW, up decently so far today on massive volume. Is this bullish or a blow off?
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